A planned gift is a meaningful way to support the future of health care while creating a lasting legacy for patients and families across Newfoundland and Labrador.
It is more than a contribution. It’s a promise to future generations.
Through the Health Care Foundation, that promise becomes action. A promise of new possibilities. A promise that patients and families will have access to the equipment, technology, education and research that will help save lives.
Your legacy starts today. Your impact lives on tomorrow.
You don’t have to be wealthy to leave a meaningful legacy. Planned giving can be an option for people at many stages of life and in many financial situations.
- Take care of the people you love first. You can provide for your loved ones while also leaving a gift to support the future of health care.
- Stay in control. A gift in your Will can be changed or cancelled at any time.
- Make your generosity go further. Certain planned gifts may offer valuable tax benefits for you or your estate.
- Support what matters to you. Your gift can help fund high-priority medical equipment, technology, programs, or an area of health care that is meaningful to you.
- Create an impact that lasts. Your generosity can help strengthen patient care in Newfoundland and Labrador for generations to come.
A planned gift is more than a future donation. It’s a reflection of what matters to you today and the difference you want to make tomorrow.
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BequestBequests are a good and easy way to support health care. Bequests are usually larger than we can afford during our working lives. Can be modified at any time! You don’t have to be wealthy to make a gift! There is always a need. Your gift will be ‘just in time’!
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Life InsuranceThis can be an effective way to make a significant gift while efficiently mitigating taxes. • Maintain Ownership of an existing policy naming the Health Care Foundation as the policy beneficiary. • Transfer ownership of an existing policy which is not fully paid up. Your benefit? A charitable receipt for Fair Market Value of the policy at the time of donation and annually thereafter for premiums you pay. • Transfer a fully paid up policy to the Health Care Foundation. Your benefit? Receive a charitable receipt for Fair Market Value of the policy at the time of your donation. • Purchase a new policy naming the Health Care Foundation as Beneficiary and Owner. You pay the premiums. Your Benefit? Receive a charitable receipt for Fair Market Value of the policy at the time of the donation, and annually thereafter for premium payments you make.
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Stocks, Bonds & SecuritiesThis is one of the most tax efficient ways to Give! Donate the asset directly to the Health Care Foundation and reduce payable taxes. Benefits to you? • Avoid Capital Gains taxes and receive a charitable tax receipt. • Easily transfer the asset electronically. • Flexibility to make the gift now and experience the benefit of your gift while you are living OR, include the gift in your Will. • Reduce the tax burden on your family.
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Endowment FundsIn simple terms, an amount of money is donated and invested to assist health care. The annual interest received from the investment is used to support the work of the Health Care Foundation. Donations to endowment funds are tax deductible.
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Donor Advised FundsThis is a personal charitable savings account which invests the funds for potential tax-free.
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Capital PropertyYou can donate capital property to a registered charity in Canada and receive a tax receipt for its fair market value, while potentially paying zero capital gains tax on specific types of assets.
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RRSPs, RRIFs, and TFSAsName the Health Care Foundation as the beneficiary of the specific account by completing a Change of Beneficiary form provided by your plan administrator. Your Benefit? • Maintain use of your money while living. • Receive a charitable receipt for your Estate. • Avoid probate fees on the specified funds
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Canada Pension PlanFor those who do not require the use of Canada Pension Plan proceeds for living expenses, this is a great way to make a sizeable while receiving significant tax relief!! Please contact the Health Care Foundation for detailed information.
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Other Planned GiftsExplore other giving options that may suit your personal and financial goals.
Your lawyer, accountant, financial advisor or insurance professional can help you explore your options and choose a gift that reflects your wishes, supports your loved ones and aligns with your financial and estate-planning goals, while helping you understand any potential tax or estate benefits
Our Development Officer, Planned Giving, is also available to answer your questions, explore giving opportunities and help you create a meaningful and lasting legacy through the Health Care Foundation.
SAMPLE BEQUEST LANGUAGE
1. Bequest of Cash“I bequeath the sum of $____ to the Health Care Foundation of St. John’s Inc. (Charitable Registration No. 85699 2334 RR0001).”OR“I bequeath the sum of $______to the Health Care Foundation of St. John’s Inc. to support ____________ (name of hospital or program).”
2. Bequest of a Percentage of the Estate“I devise and bequeath _____% of the remainder and residue of property owned at my death, whether real or personal, and wherever located, to the Health Care Foundation of St. John’s Inc. (Charitable Registration No. 85699 2334 RR0001).”OR“I devise and bequeath _____% of the remainder and residue of property owned at my death, whether real or personal, and wherever located, to the Health Care Foundation of St. John’s Inc. (Charitable Registration No. 85699 2334 RR0001) to support __________________ (name of hospital or program).”
Every gift helps strengthen health care for the people of Newfoundland and Labrador